Silver Climbs To 9-Month High
May 23- Silver prices posted the largest percentage gains among precious metals on Friday, reaching a nine-month high of $14.83 as investors turned to silver as a cheaper alternative to gold as a currency hedge against the falling U.S. dollar. Silver has risen over than 5 percent so this week, while spot silver was up 1.1 percent to finish at $14.67 an ounce.
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Silver Trading Futures Expected To Approach February High
May 21- With more favorable economic conditions expected, precious metals experts say that because investment demand is likely, silver prices will also tend to be aggressive. While July silver futures rose over $14 an ounce on May 7 and again last week and may approach the previous 2009 high of $14.61. While aggregate trading in silver futures attained a high in February 2009 of more than 81,900 contracts, it has averaged 20,000 contracts alone this month in New York, with the most active contract trading in a range of $12 to $14.37.
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